Former Telstra Exec Gerd Schenkel Named Tyro Payments’ New CEO

Former Telstra Exec Gerd Schenkel Named Tyro Payments’ New CEO
SHARE
THIS



Telstra’s former digital executive director, Gerd Schenkel, has landed the CEO role at fintech payments processor Tyro Payments.

He will take over today from Jost Stollmann, who will continue as a full-time executive director and board member for Tyro.

Gerd Schenkel & Jost Stollmann

Pictured: Gerd Schenkel and Jost Stollmann.

Schenkel’s appointment comes after the fintech player secured a bank licence and $100 million in new capital, which included financial backing from Atlassian’s Mike Cannon-Brookes and Tiger Global Management.

Tyro is Australia’s only independent EFTPOS banking institution and is the first new entrant into banking in more than 18 years.

Schenkel has more than 17 years’ experience in the Australian banking and technology sector and holds a postgraduate robotics degree from Germany’s University of Stuttgart and an MBA from Columbia Business School.

The Telstra Digital founder left the telco in April after five years as executive director and was part of the executive team under former Telstra CEO David Thodey.

During his time at the Telstra, Schenkel transformed the company’s digital channels, which now account for more than half of all customer transactions, with 500 million customer contacts annually. He also oversaw $350 million in capital investments that produced around $300 million in annual operating cost savings.

Schenkel’s appointment at Tyro also marks his return to the financial services sector, having founded Australia’s first digital deposit and mortgage bank, UBank, in 2008 (which is owned by NAB). Prior to his role at UBank, Schenkel was a director of strategy and business development at Citigroup Australia.

Commenting on his appointment, Schenkel said he was attracted to his new role at Tyro by the unique opportunity to build a new kind of organisation through delivering frictionless banking and access to debt for Australia’s SMEs and growth companies.

“Tyro is a new kind of company with a uniquely attractive culture – it’s a technology company that happens to be a bank, not the other way around,” he said.

“Australia needs a viable and strong banking sector which is customer-centric and technology-literate – a Tyro delivering fair, transparent and smart banking.”

Please login with linkedin to comment

Advertising Standards Bureau einsights Gerd Schenkel Tyro Payments

Latest News

Eastern Standard Times Hold Launch Event In Deeply Cultural Setting
  • Media

Eastern Standard Times Hold Launch Event In Deeply Cultural Setting

Global media network Eastern Standard Times had their official launch event on Thursday (23/6) night at the Lucky Kwong restaurant in Sydney’s South Eveleigh, with the focus being placed on how this platform will provide Asian communities in Australia with a greater insight on what they need to know. Editor-in-chief Keshia Hannam, who served as […]

Cannes Lions: VICE Media Win Third Grand Prix For Their ‘Unfiltered History Tour’
  • Media

Cannes Lions: VICE Media Win Third Grand Prix For Their ‘Unfiltered History Tour’

On the third day of the 2022 Cannes Lions International Festival of Creativity, the “Unfiltered History Tour” campaign by VICE Media walked away with yet another Grand Prix, this time in the Social & Influencer Lions. The campaign, which was held in partnership with the British Museum by the Dentsu Creative teams of Mumbai, Bengaluru […]

Cannes Day Two: Paris Hilton Talks NFTs And What It Means For Brands
  • Media
  • Opinion

Cannes Day Two: Paris Hilton Talks NFTs And What It Means For Brands

B&T’s Nancy Hromin is in Cannes and managed to bag a seat at probably this year’s highlight event – an audience with the one-and-only, Paris Hilton! The socialite took to the stage alongside CEO of VaynerX and Vayner Media, Gary Vaynerchuk, and Swan Sit the board director of Edgewell, Novabay and Far Niente. The trio […]

Opinion

by B&T Magazine

B&T Magazine
Google Creates New Way For You To Filter Through The News Stories You See
  • Technology

Google Creates New Way For You To Filter Through The News Stories You See

Tech company Google has announced a number of new updates to its News and Search features that will give users greater control and more validated information in the stories they see on their screens. The look of Google News will be changing dramatically, giving way to the side of the screen for a bar that […]

In The Shadow Of Cannes Lions, NFT.NYC Brings Together The World Of Digital Investors
  • Technology

In The Shadow Of Cannes Lions, NFT.NYC Brings Together The World Of Digital Investors

While the marketing industry continues to keep its glaze focused on the South of France and the Cannes Lions International Festival of Creativity, a few thousands of kilometres further away in Manhattan there’s another “festival” going on. NFT.NYC is the biggest conjunction of Web3 artists and investors in the world and by the looks of […]

AKQA Unveils Ten Week Tee As The Winners Of Grand Prix For Future Lions 2022
  • Marketing
  • Technology

AKQA Unveils Ten Week Tee As The Winners Of Grand Prix For Future Lions 2022

Now in its 16th year, Future Lions, AKQA’s annual Cannes Lions competition to unearth the next generation of creative talent, has announced the winners and Grand Prix. The awards ceremony is taking place during the iconic Cannes Lions International Festival of Creativity. This year’s Grand Prix winner is Ten Week Tee, the team will now […]